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What is a support and resistance level?

Technical Analysis

Support is a price level where a falling stock tends to find buying interest and stop declining; resistance is a level where a rising stock tends to face selling pressure and stall.

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    These levels form based on historical price reactions — prices that bounced off a level before tend to react similarly again. Once resistance is broken, it can flip to become new support (and vice versa), a key concept in reading chart structure.

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